Fiscal Note
Private Contract. No City Funds Are Required.
Title
Accepting street including bituminous surface improvements constructed by private contract in Heather Glenn Addition to the Crossing - Phase I, Private Contract 1929. (7th AD)
Body
[WHEREAS, MB Real Estate I, LLC has satisfactorily completed the installation of bituminous surface improvements by private contract in accordance with the City of Madison Standard Specifications for Public Works Construction for: Heather Glenn Addition to the Crossing - Phase I.
NOW, THEREFORE, BE IT RESOLVED
1. That the bituminous surface improvements on the following streets be and are hereby accepted:
· Arctic Fox Drive from East Pass to the west end
· Turning Leaf Drive from Arctic Fox Drive to the north plat line (existing street)
· East Pass from Cross Country Road to the north plat line (existing street)
· Ingress/egress on Cross Country Road at the intersection of East Pass
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 53B1929 $224,178.03 for a useful life of 40 years.